BTC/USD (New ATH > New Price Discovery?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD

-New All-Time High for Bitcoin today with strong volume
-Many short position orders has been liquidated or stopped out
-After breaking its recent top around 19.9k dollars
-Since this is a new high, potential price discovery will happen
-I have used the Fib reverse extension to potentially see the next minor resistance
-Currently, BTC touches the 1.414 Fib resistance area up to the 1.618 level
-FOMO might enter the market really soon so I don't recommend buying at market price
-If you are looking for a buying opportunity, it is not today
-Please wait for a proper market structure with a good to risk: reward ratio
-Do not follow the crowd, plan your trade and execute properly
-Congrats again for hitting new ATH, BTC has been extremely strong up to date



⚠️Please always read the description⚠️

A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉


``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````